Investment Objective The investment seeks long term capital appreciation.
The fund normally invests 100% of its assets in underlying funds that invest primarily in equity securities, including exchange-traded funds ("ETFs"). Variations in the target percentage allocation between underlying funds that invest primarily in equity securities and underlying funds that invest primarily in fixed-income securities are permitted up to 10%. Therefore, based on a target allocation of 100% of assets to underlying equity funds, the fund may have an equity/fixed-income allocation ranging to 90%/10%. It is non-diversified.